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REBL ERC20 token

We are currently migrating from the Ethereum blockchain to the REBL blockchain.

As of this point forward we transition from the Ethereum protocol to our own REBL protocol. The REBL blockchain will have its own native cryptocurrency, the REBL coin. As an effect the current REBL ERC20 token will be discarded and left behind. This will be executed during a migration process in which we provide all REBL ERC20 token holders the opportunity to swap their tokens for the REBL coins.

Token distribution

ERC20 REBL token

Token Swap Information

All REBL token holders will be able to swap their ERC20 REBL tokens to the Mainnet REBL coins. The Token Swap starts on 11-04-2019 and ends on 30-06-2019.

REBL ERC20Current market value

Bitcoin

Market Cap

ETH

Ξ 0.00001700

Volume 24H

$ 90.80

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The REBL Mainnet Cryptocurrency

The core of the REBL concept is the REBL Blockchain—an open-source blockchain validated and secured by nodes in the network that run on the Rebellious Proof-of-Stake consensus protocol. We prefer the Proof-of-Stake protocol over any other because we want every holder to be engaged with the project. Proof-of-Stake (PoS) is a category of consensus algorithms for public blockchains that depends on a validator’s economic stake in the network. In PoS-based public blockchains, a set of validators take turns proposing and voting on the next block, and the weight of each validator’s vote depends on the size of their deposit (ie. stake).

Proof of Stake

The benefits

Reduced risk of a 51% attack

The Proof-of-Work protocol is sensitive to a 51% attack. This refers to the possibility of a group of miners controlling more than 50% of the network’s mining hashrate. Proof-of-Stake dramatically decreases the chance of the attack, as someone would have to own 51% of all the coins, which is highly unlikely and practically much harder than acquiring 51% of mining power.

Fair rewards

With the Proof-of-Stake protocol, 5 million of coins will get you exactly 5 times higher returns than 1 million of coins. This is without any additional disproportionate gains because in proof-of-work, bigger players would be able to afford more efficient mass-production equipment which increases their reward while relatively spending less.

Increased environmental responsibility

The Proof-of-Stake consensus model is more energy efficient than Proof-of-Work schemes. No need to consume large quantities of electricity in order to secure a blockchain (it’s estimated that both Bitcoin and Ethereum burn over $1 million worth of electricity and hardware costs per day as part of their consensus mechanism).